Faculty Publications

Forthcoming Publications

"Risk management with supply contracts," Heitor Almeida, Kristine Hankins, Ryan WilliamsReview of Financial Studies, forthcoming.

The protection of trade secrets and capital structure decisions,” Sandy Klasa, Hernan Ortiz-Molina, Matthew Serfling, and Shweta Srinivasan, Journal of Financial Economics, forthcoming.

"Does Policy Uncertainty Affect Mergers and Acquisitions?" Alice Bonaime, Huseyin Gulen and Mihai Ion, Journal of Financial Economics, forthcoming.

"Are stocks riskier over the long run? Taking cues from economic theory," Doron Avramov, Scott Cederburg, and Katarina Lucivjanska, Review of Financial Studies, forthcoming.

"Tax uncertainty and retirement savings diversification," David C. Brown, Scott Cederburg, and Michael S. O'Doherty, Journal of Financial Economics, forthcoming.

"Hedge Fund Politics and Portfolios," Luke DeVault and Richard Sias, Journal of Banking and Finance, forthcoming.

"Hedge Fund Return Dependence: Model Misspecification or Liquidity Spirals?" Rick Sias, Harry Turtle, and Blerina Zykaj, Journal of Financial and Quantitative Analysis, forthcoming.

2017 Publications

"Fortune favors the bold," Costanza Meneghetti and Ryan Williams, Journal of Financial and Quantitative Analysis, June 2017, Volume 52, Issue 3, 895-925.

Is the U.S. public corporation in trouble?” Kathy Kahle and René M. Stulz, Journal of Economic Perspectives, Vol. 31 (3), Summer 2017, 67-88.

"Moral Hazard in Active Asset Management," David Brown and Shaun William Davies, Journal of Financial Economics, Volume 125, Issue 2, August 2017, Pages 311-325.

"The Timing and Source of Long-run Returns Following Repurchases," Leonce Bargeron, Alice Bonaime and Shawn Thomas, Journal of Financial and Quantitative Analysis, 2017, 52, 491--517.

2016 Publications

"The Cost of Financial Flexibility: Evidence from Share Repurchases," Alice Bonaime, Kristine Hankins and Bradford Jordan, Journal of Corporate Finance2016, 38, 345-362.

Trade credit and the joint effects of supplier and customer financial characteristics,” Jaideep Shenoy and Ryan Williams, Journal of Financial Intermediation, Vol. 29, 2017, 68-80.

Policy Uncertainty and Corporate Investment,” Huseyin Gulen and Mihai Ion, Review of Financial StudiesVol. 29 (3), 2016, pages 523-564.

Are ex-ante CEO severance pay contracts consistent with efficient contracting?,” Brian Cadman, John Campbell and Sandy Klasa, Journal of Financial and Quantitative Analysis, Vol. 51, No. 3, 2016, 707-735.

"Does it pay to bet against beta? On the conditional performance of the beta anomaly," Scott Cederburg and Michael S. O'Doherty, Journal of Finance, Vol. 71, No. 2, 2016, 737-774.

2015 Publications

Hedge Fund Crowds and Mispricing,” Rick Sias, Harry Turtle, and Blerina Zykaj, Management Science, 2015, Vol. 62(3), 764-784.

"Measuring Private Information in a Specialist Market,'' Chris Lamoureux with Qin Wang, Journal of Empirical Finance, 2015, Vol. 30, 92-119.

"Mandatory Disclosure and Firm Behavior: Evidence from Share Repurchases", Alice Bonaime, The Accounting Review, 2015, 90, 1333--1362. 

"Asset-pricing anomalies at the firm level," Scott Cederburg and Michael S. O'Doherty, Journal of Econometrics, Vol. 186, No. 1, 2015, 113-128.

2014 Publications

"Capital Structure, Equity Mispricing, and the Gains to Stock Repurchases", Alice Bonaime, Ozde Oztekin and Richard Warr, Journal of Corporate Finance, 2014, 26, 182--200.

Industry concentration and corporate disclosure policy,” Ashiq Ali, Sandy Klasa and Eric Yeung, Journal of Accounting and Economics, Vol. 58, No. 2, 2014, 240-264.

Declining propensity to pay?  A re-examination of the lifecycle theory,” Monica Banyi and Kathleen Kahle, Journal of Corporate Finance, Vol.27, August 2014, 345-366.

Refinancing risk and cash holdings,” Jarrad Harford, Sandy Klasa and William Maxwell, Journal of Finance, Vol. 69, No. 3, 2014, 975-1012. [Lead Article – June Issue]

The effect of demand for shares on the timing and underpricing of seasoned equity offerings,” Vincent Intintoli, Kathleen Kahle and Shrikant Jategaonkar, Financial Management, 43, no. 1,Spring 2014, 61-86.

"Financial Flexibility, Risk Management, and Payout Policy", Alice Bonaime, Kristine Hankins and Jarrad Harford, Review of Financial Studies, 2014, 27, 1047--1101. 

2013 Publications

"Insider Trading and Share Repurchases: Do Insiders and Firms Trade in the Same Direction?" Alice Bonaime, Michael D. Ryngaert, Journal of Corporate Finance, 2013, 22, 35--53.

Access to capital, investment, and the financial crisis,” Kathleen M. Kahle and René Stulz, Journal of Financial Economics, 2013, Vol. 110 (2), 280-299. [Lead Article]

2012 Publications

"Repurchases, Reputation and Returns", Alice Bonaime, Journal of Financial and Quantitative Analysis, 2012, 47, 469--491.

"Tournament Incentives, Firm Risk, and Corporate Policies", Omesh Kini and Ryan Williams, Journal of Financial Economics, 2012, Volume 103, 350-376.

Why does Financial Strength Forecast Stock Returns? Evidence from Subsequent Demand by Institutional Investors,” Nicole Choi and Richard Sias, The Review of Financial Studies, May 2012, Vol. 25, Issue 5, 1550-1587.

Corporate suppliers and customers and accounting conservatism,” Kai Wai Hui, Sandy Klasa and Eric Yeung, Journal of Accounting and Economics, Vol. 53, No. 1, 2012, 115-135.

2011 Publications

Portfolio Diversification,” James Bennett and Richard Sias, Journal of Investment Management, Volume 9, number 3, 2011, pp. 74-98.

2010 Publications

Insider Trades and Demand by Institutional and Individual Investors,” Richard Sias and David Whidbee, Review of Financial Studies, Volume 23, number 4, 2010, pp. 1544-1595.

Seasoned equity offerings: the effect of inside ownership and float," Vincent Intintoli and Kathleen Kahle, Financial Management, Vol. 39, No. 4, 2010, 1575-1599.

Style Timing with Insiders,” Richard Sias, Heather Knewtson and David Whidbee, Financial Analysts Journal, Volume 66, number 4, 2010, pp.46-66.

Determinants of CEO pay: A comparison of ExecuComp and non-ExecuComp firms,” Brian Cadman, Sandy Klasa and Steve Matsunaga, Accounting Review, Vol. 85 No. 5, 2010, 1511-1543.

Why Susie Owns Starbucks: The Name Letter Effect in Security Selection,” Richard Sias and Heather Knewtson, Journal of Business Research, Volume 63, number 12, 2010, pp. 1324-1327.